Charity Tegistratiom number
1068563
The Priest's House Museum Collection Trust
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

The Priest's House Museum Collections Trust
Contènts of the Flnanclal Stattm¢nt$ for th* Y•or Ended 31 March 2025
Pago
3to4
Trustees, Report
Ind8pend8nt Examinerfs Report
state￿nt of Finan¢kql ActNrtie8
Balanc8 Sheet
Notes to the Finanrial St8tem8nts
6t07
9t015

The Prle$t's House Museum Collection$ Trust
Report of the Trustees for thè Yèar Ended 31 March 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
The Pr*st's House Museum Colknlions Trust charlty number 1068563 Ilhè Chartly} whose principal off￿e is 23-27 Pligh Street Winbornè Dorsèt BH21 1HR
is governad by a Déad ofAmendment Retirernerit and Appoinlmenl dale(l the 31 Decembtrr 2024.
Thé document apponted The Pr￿st,$ House Museum Trusl l¢ompany number 03488337 and charity number 10685401 to ba tha sol& Corporate Trustee.
Thé Trustees presenl their report with the finan¢hg1 statements of the charity for year ended 31 March 2025. The Trustees have adopted the provisb)ns
of A¢¢ounting and Reporting by Charrties.. Statement of R￿0Mmanded Ptactice applicabje to charities preparing their accounts in acgordan¢e with the
Financial Reportaig Stsndard appficable in the UK and Republi of Ireland {FRS 1021 lJ8rhuary 20221.
The Charty's objects are set out in the Deed of Amendmenl, Appoinlrnent 8nd RelirernérkL The Charty s objects are..
lil. To encourage and promote knowledge of archaeok)gy, ethnology. history. natural history and kindred sciences and painting and arts and
ciafts e5PEciaW in relatKJn to the town of Wimborne Mirk%ter. the di%trit of East Dorset and the county of Dorset.
liil. To est3bli5h and maintain a pemanenl co1￿Ction of artefacts. volumes docurnenls of scEntrfK. hkstorical or general interest. rnaps.
piciures. records, photographs. tnodels and simiLar obj'ects and lo promote exhibitions involving Ihè exchange and k)an ol items and col*tiJns.
Thè Charty has no staff and no membership. It is managed by slaff empfoyed by Ihe Ctxporat8 Tmsteè and M racharges to the Pr￿st,$ House Museum
Trust on an monthly basis an amount that covers expenditure directy spent for the benefft of the Coltection in fU￿illing it5 charitable objectwes.
PUBLIC BENEFIT
Thè Corporate Trustee has referred lo th8 Charrty Commlssion's geneTal guKlance on public benefft when rttvièwing thè Charrty's aims and obkctives and in
pLqnnl)g aCt￿Ibes.
RISK MANAGEMENT
A risk management 51rategy E balng developed by the Corporale Trustee a$ part of the Business Planning process for The Pr￿SI.S H¢us• Museum Trust
ensure that aTh SIgn￿¢ant rlsks faclng the Trust are identrfied. and mitbJalions put in place whére appropriate. This will be included in the Bus￿￿$ Plan and
approved by the 8oard in aulurnn 2025. Thg Trust's rlsk status will then be reV￿wed and reported on 8 règular basis.
OBJECTIVES AND AcTIV￿lEs
A¢hl•vem•nts
Care of Ihe Col*tK)n continues to museum and con5ervathon standards.
A pofjcy has been developed lo dè81 with dLSpOsa￿.
Colkcii)ns volunteers continue lo grow in numbers and have receNed training. as approprkqte, to support a range of activities Including pest control. data
k)g9w￿, condth.on reporting. idonttying items for dispos31. and retUrnW￿ k)aned items. Others assBI in research for exhibitvjns and curating dispkys. There
are Learns wh￿h specialise in the ongoing dbJfC￿atIo￿ of the photograph￿ archnie and the recording of the Charty's Colkclion on Modes CO1￿ctIOnS an
management sofv8re.
Future plans
Fulur8 p￿nS ￿¢￿de expanding the research team to work as part of the Or81 History Group. They WM be trained in making timed Summar￿¥, recording new
oral historEs. and will 8SSiSt in r8S8arching any Signrf￿ant Ihemes or events that can be used in ftjture eXhibrt￿￿S or on the Museum's touch scre8n
iiteractsv&s.
There have b88n no s1gnff￿ant acquisfCiOnS.
FINANCIAL REPORT
ReseNes Pollcy
Th& Corrxjrale Trustsa ravSaws the reserves policy on an annual basis to consider the gap betsveen the spending and re¢8iving of income and to ensure that
sufficient Iquid resources are availab￿ lo meet liabilities as they f811 due. in thè evènt of a shortfal in investment incorne.
The Corporate Trustsg has sgt a target for free reserves IUnre5tricled reserves b$8 frxgd asset Investments) of £100.000 whrch will cover one year of lotsl
unreslricted operating oxpenditure and additlonal one off expenditure requir&m¥nts that may arLsg for the benefft of the co1￿ction in ts charitab
oblec(fves.
Free reserve$ 8$ at 31 March 2025 wer$ £104,9S9.

The Prt•st'8 Houstr Mu$•um C¢ll•¢tlons Trust
R•port of th• Truslèos for the Year Ended 31 March 2025 eontSnutd
Flnanelal Rovlèw
Tho Trust hekl inveslment assets of £1.677,54312024.. £892.692}- The kqTge mc￿￿$￿ is due to the Sa￿ of properties donated v0 8 legacy during the y&ar
ending 31 March 2022. wh￿h was previ)US￿ a¢¢rued as incixne Into the financhil statÈm8nts. In additK)n. the Trust hekl cash on deposit of £138.653.
Total revenue income of Ihe Trust i8 £85.62612024: £4,800). £67,559 of the incorne is the final payment of a18g3cy {on the sale ol the ptopertyl made to the
Trust in Ihe year to 31 March 2022. £115 i% for the sale of collection items and £17,952 is invesknent Dicome.
InvgStm•nt Pollcy
The Charty receNes an income from the wrlfoli) managed by Ch8Tbs Stan￿Y 8S W81 as Int8rest from cash hekl on deposiL The Ctsrporale Trustee has
k)itlaled Ihe procedure lo move the currenl account to online bankiig. The current account holds a suffi¢ènt sum for the Charty lo meet ib Month￿ recharge
¢osts. Any surplus is transferred to interesl bearing accounts.
Exlsbng investments remain on deposit at Ihe besl rate avaiLgble with organis8tKJn$ authorssed by the Financiql Conduct ALrthority and covered by the
Fnancral ser¥￿e8 Authorty.
Inv8Stm8nts. iicludng the portfolo. will be made in line wtth the Museum AssociatK)n's Code of Elhlcs.
REFERENCE AND ADMINISTRATIVE DETAILS
R•gi$t•r•d Charity Numb•r
1068563
Regl$tgred Offlt•
23127 High Street
Wimbome
Dorset
BH21 1HR
Trustees
The Priesfs House Museum Trust Icorporale Trustetrl
Indèpendent Examiner
Miss J A R￿hardsOn FCA FCCA DChA
32 Award Road
Wimborne
Dorsèl
BH217NT
AppTO
ed by the Iruslees of the charty on
. 2nEI signed on its behaff by..
Sara
arshall
hairl
On behaf of Corporal6 Trustee (Thtr Prwt'$ House Museum Trustl

The Prlèst's House Museum Coll?¢lions Twst
Independent Examinerfs Report to the Trust•ts of Th¢ Prf•st's House Museum Collections TNst
report to Ihe charty Irustees on rny ex8mlnaiKffi of the 8¢¢ounts ofthe eharty for the year ended 31 March 2025
R￿P•¢I￿• responslbllltles of twstees and examiner
As the trustèès tsl th& Charily you are responsible for the preparation of the ac¢ounl¥ in a¢cordanoe with the requiremenls ol the Charil￿S Acl
20111.lhe ACYI.
I report ty) respecl of my examinath)n of the Pr￿SyS Housg Museum Col1èct￿)n Trust account carrEd out under section 145 ofthe 2011 Act and
in carrying out my axaminath)n I have lollowed all the applcable DTectK)n$ gNen by thè Charily Commlssion under section 145(51{b) of the ACL
Ind*p•nd•nt examSn•rfs statement
I hav8 complele(I my ex8minalv)n. I confirm that no material matters have Corne to my 8ttentk)n ￿ connection with Ihe examination giving me
cause lo beleve that in any mat¢rlal rèspèct
1. accountkng re¢￿dS were not kept n respect ol the Prlesfs House Museum Col￿t￿jn Trust as required by Section 130 of Ihtr kt. or
2. th8 a¢¢ounts do nol accord with those records,. or
3. the a¢cwnls do not eompty with Ihe accounting requirements concerning the forrn and contènt of accounts sel out li Ihe CharIt￿S
IAccounls and Reportsl regul8tk)ns 2008 olhèr than any rtsquirement that the accounts gfve a Iwe and fa￿ view wh￿h is not a matter
consHlered as parl of an independent examknat￿n.
I havè no conc8rns and have come across no other matters in Connecti￿ wrfh thè examlnalion to wh￿h attenlDn shoukl be drawn on th
report n order to gnablg a proper understanding of the accounts io be reached.
iss JA Ri¢hwd$on FCA FCCA DChA
Datè .

Th• Prle8t's Hou8e Mu¥ttum CO1￿ctIOnS Trust
Stal•m•nt ol Fln•ncl81 Aetlvltle5
for the Year Ended 31 Mar¢h 2025
2025
Total funds
Notes
UnreStr￿ted
Restricted
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitablg ac￿V￿￿S
Investrment incorne
TOTAL
67,559
115
67,559
115
8S.626
85,626
EXPENDThURE ON
ChaTitable aGlwit*$
TOTAL
50.337
Unr•ali8td galn¥ ond losses
17.336
NET IEXPENDITUREII INCOME
52.625
52,625
Transfer between funds
119,626
1119.6261
Net movement in funds
172,251
1119.6261
52.825
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
1,610,251
119,626
1,729,877
TOTAL FUNDS CARRIED FORWARD
1782 502
1782 502
The notes form p8rt of th¢$e ffin8n¢lal statements

The Prl?st'8 House Museum Collection5 Trust
Prfor year Slatèmtnt ol Finan¢lal A¢tlvltl•$
for th• Year Ended 31 March 2024
2024
Total funds
Noles
UnreStr￿ted
Restricteil
INCOME AND ENDOWMENTS FROM
Donati)ns and legacies
Charitabk ac*vities
Investment inc0rn9
TOTAL
EXPENDITURE ON
charitab￿ a¢thvities
28,284
28,284
TOTAL
NET (EXPEND￿VRE)1 INCOME
123,4841
123,4841
Gainsllo$$•$ on Inv&stm•nt assets
23.066
(5711
22.495
Transfer between funds
Not mov•m¢nt In funds
{4181
15711
1989}
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
1.610,669
120.197
1.730.866
TOTAL FUNDS CARRIED FORWARD
15
1610 251
1729 877
The nole5 form part of these financial stalèments

The Priest's House Mu$*um Collèetlons Trust
Balanc• Sheet 31 March 2025
2025
Total funds
2024
Total tunds
Not*8
Unrestrl¢t•d
R•8trl¢t¢d
FIXED ASS￿8
Investrnenls
Total fixed asstrts
12
1,677,543
1,677,543
1,677.543
1,677.543
892,692
892,692
CURRENT ASSErs
Deblors
Cash at bank and hand
Total cuThent assets
13
800.000
58,450
858,450
138.653
138,653
138,653
138.653
cRED￿oRs
Amounts falllng due wlthln one
year
14
133.694}
{33,6941
{21,265}
N¥t currènt assèts
NET ASSErs
104.959
1.782 502
104.959
1 782 502
837,185
1729 877
FUNDS OF THE CHARITY
RestrKted funds
unrests￿led funds
119,626
1.610.251
1.782.502
1.782,502
TOTAL FUNDS
15
1.782 502
1782 502
1729 877
The financkql slalements were approved by the B08rd of TrLtrStees and authorised for issue on............................................. and were skJned on
it$ behaw by..
Marshall IChair}
On b¢half of Corp¢rnl• Tru$t*p (The Prlest's House Mu$eum Trust)
The notes form part of these financial slalements

Th• Prf•st's House Museum Colltr¢tlons Tmst
Notès to th• Flnanclal Statemènts
for the Year Ended 31 Marth 2025
1 LEGAL FORM I CHARITY STATUS
The ¢harty is gov$Tnad by a Deed ol Amendment Retirerh&nt and ￿pointment dated the 31.12.2024. The document appointed
The pr￿¥S Hous6 Museum Trust (company number 03488337 and charity number 10685401 lo bè thè sts￿ Corporata Trus(ee.
The addrèss of its registered office and princip￿ place of busw￿$$ is=
2>27 HvJh Street
WimboTne Minsler
Dorsel
BH21 1HR
2 ACCOUNTING POLICIES
Summary of significant a¢countin9 policie5 and key a¢counting estimates
Th8 principal accounting pOl￿￿S apPl￿d in the preparatKJn of these financial staternents are set out ￿knw. These wkcies have
been Consistent￿ applEd to al the years ptesented. Un￿$$ otherwise stated.
Statement of compllance
The financial statements have been prepared in accordance wtih the second editi)n of the Charrt￿S Statement of Recornmended
Practtce issued in October 2019. the Financkgl ReporlThig SlatMJaTd appkable in the United lfjngdom and Republ￿ of IT8￿nd IFRS
1021 and Ihe Charitps ALI 2011.
Basi$ of prpparing th• financlal stat•m•nts
The Priest's House Museum CokctK)n Trust 15 8 registered charty, registration number 1068563. registered in the United
Kingdom. Thg 8ddrèss of ihe charity is given in the reference and adminkstrathvo detads on page 4 of these financkql slalemenls.
The nature of the ¢harly'$ operat￿)n$ and Principal aclwities are lo save and care for objècts r¢lating to East DorseL
The charNy constitutes a pubThc be￿frt &ntity as defingd by FRS 102.
The f•)ancial $tstgments are prepared on a going concern basis under the hisloTr¢al Cost conventlon. modrf*d to Diclude certain
iterns at fair value. The finan¢ial statements are prepared in sterlng which is the funCt￿n81 currency of the charty and rounded lo
the nearest £.
The stgnrficant accounting policiè$ appled in the preparalbn ol ¢hese financial stat&menls arts sei oul beknv.
These pol￿￿S have been conststtrn1ty applied to all years presenled un￿S othejwise stated.
Golng eoneèm
The Iruslees consKler that there 8r8 no matèrkal uncèrtahtks about Ihe charty's abilty lo continue as a going concèrn.
Income and endowments
Voluntary income including donat￿an$, grfts. legacies and gr8nis Ihal wovKle Goré funding or are of a general nature is recognised
when lh8 charity has *ntitrem&nt to the iKome, it is probable thal the income wri be recewed and Ihtr 8mount can be measured
wtth sUff￿￿nI reliablty.
Donatlons and legacies
DonalK)ns are recognised on a recewable basis when receipt rs probat4e 8nd th8 amount can be re￿abty measured.
Legacy grfts are recognised on a case by case basts following the grant of probate when the adrninistratOT/ execLrtor lor the
estate has communicated in wiiting both the arnount and settlemenl date. In the evgnt that grft is in th8 form of an asset other
th8n cash or a ffinan¢ial asset Iraded on a r8cognised stock exchange. recognithjn is subject to the value of the gift be￿g reli4b
rneasurab￿ vAth a degree of reasonable ac¢ura¢y and Ihe litle to Ihe asset having been transferred to the charty.
Investment Income
Investment income is recognised on a reCe￿able basis.
Exp•ndltur•
AJI expenditure is recogni5￿ ¢Jnce there ts a lega] or constructive oblwJalK)n lo that expendrture. rt 15 probabb settlement is
requred and the amount can be measuTed refiab￿. AJI costs are a1￿Cated io the appI￿ab￿ expendrture heading that aggregate
simlar costs to ihat category. Where costs cannot be directty attributed to partrukqr he8dings they havè been allocated on a
basis ¢onsistent with the use of re$ourcés, wilh eèntral staff costs ak)cated on the basB of time spent. and depre¢iats"on
har￿S akncated on the portton ofthe asseys use. Other $UPPtsTt costs ar• allocatèd based on the spread of staff ¢o$ls.
All resources expended are Inc￿$￿19 of Irr￿0Ver?h19 VAT.
Cha￿table activities
Charitabb expenditure ¢ompri%es those costs incurred by the charily in the delwery of its act￿1￿&$ and serv￿eS for its
beneficiaries.11 include8 bgth costs that can be alk)cated direclty to such activities and Ihostt costs of an indirect J)ature
necessary lo support them.

Th* Prfost'$ Hous• Mus•um Colloctlons TNst
Noles to the Financial Statements l¢ontlnu•dl
for the Year Ended 31 Mar¢h 2025
2 ACCOUNTING POLICIES Icontlnuedl
Gov•mance costs
These Incbjde the costs attributable to Ihe charty's complwnce with ¢onstitulb)nal and statutory requirements, ￿ClUdIng audit or
Independent aX8mSnatk)n, Strateg￿ management and trustees meetfftgs and reimbursed expen5e$.
Taxation
The chaity i5 conS￿ered to pass the tests sel out in Paragraph 1 Schedula 6 ofthè Flnanee Act 2010 and Iherefore r( meels the
definition of a charitable company for UK corporatrjn tax purposes. Accordingty, the charity 15 Potentialty èxempl from taXat￿n in
respect of income or c8pit81 gains received within categDr*s covwed by Chapter 3 Part 11 of the CorporatKTrn Tax Ad 2010 or
Section 256 of the TaxatKJn of Chargeable Gains Act 1992. to Ihe extent that such income or gains are
appled exclusively to charitable purposes.
H•¥itag• a$8•ts
Slice 1962 the museum and subsequent trusts have devgloped the col8etion to rèflect the history of Wimborne and East Dorset
and the poI￿Y for the acquisiti)n, près6rv81ion. man8￿ment and dtsposal is Coverèd by the COllect￿n.$ Development poky
Irevlewed and updated tr￿nn￿ty CUTTenl policy 2024 10 20271 and approved by the Arts Council for England as part of the
Museum's Ac¢réditation. The accounts do not reffect the va￿e of Ihe heritage assets as the co81 or valuation b not 8vaiL8bl&
and lo Obta￿ Ihal inlormation WOU￿ not bè finAnciaty or èthbaly Vrdb￿ lor the benefit lo the users ofthe accounts.
Fixed asset investm•nt¥
Frxed asset inveslmenis, other than programme rebted Investments. are fftcluded at market value at the bakncè shèét daté.
Realtsed gans and bsses on invgslmtrnts arè c8kulatéd as the difference belween sales proceeds and their market value al the
start of the year. or their subsequenl cost, and are charged or credited lo the Statement ol Financial ActNities in the perh)d of
d￿rK}saI. Unrealised gains and bsses represent the movement n market values duriig the ye8T are credrted or charged to
the St*ement of Financkgl Activrtie5 based the market vaknp at the year end.
Cash and cash eguivalents
Cash and cash equNa￿ntS comprise cash ijn hand and call deposib. and other 5hort-terrn Ipuid inveslmonts thal are
readly convertible to a known amount of cash and are subpct to an ins*Jnrftcanl r￿k of change in value.
Fund structure
Unrestricted income funds are general funds that are avatsbb ft)r use 81 Ihe tru$laès discretK)n in furtherance of the obieclNes of
the charty.
Deslgnated funds are unrestricted funds wh￿h are resources sel 83ide for Sp￿1￿¢ purpos8$ * the dL%tre￿0n ol the truslees.
Rèstrlctèd Income funés are those donated for use n a particular area or for specffic purposes, the use ol whrh L4 rtr$trkttd lo
that area OT purp¢$e.
10

The Prfost's House Museum Collections Twst
Not¢$ to tho Flnanelal St*èmonts Icontlnu8dl
for the Year Ended 31 March 2025
3 INCOME FROM DONATIONS AND LEGACIES
Unrestricted fund
General
R•strletèd
funds
Total
2025
Tot•1
2024
Donations and lega¢l•$
Legacies
67,559
67.559
67.559
67,559
4 INCOME FROM CHAR￿ABLE ACTivrriES
Unrtstricttd lunds
General
Total
21125
Total
2024
OthÈr incomè
115
115
115
115
5 INVESTMENT INCOME
Unrestrtcted funds
G•n•ral
Total
2025
Total
2024
Intarèsl racèr¢abl& on bank deposts
Other Income from ftted assets invesiments
2,368
2,432
4.800
17.952
17,952
17.952
17,952
6 EXPENDITURE ON CHARITABLE ACTMTIES
Total
2025
Tot•1
2024
Wages and Salari
Governance costs (see note below}
Sundry expenses
Insurance
Inv8StThènt rnanagemenl fees
Legal and profess￿￿31 lee
30,36fj
9LX)
7,423
563
7,485
3.600
22.153
1.554
608
3,960
28
84
7 APIALYSIS OF GOVERNANCE AND SUPPORT COSTS
Unr•strtet•d funds
Gèn•ral
Total
2025
Total
2024
Independent examiner's fee
900
900
8 NET INCOMINGIOUTGOING RESOURCES
Nel outgoing rgsourcès for the year include:
Total
2025
Total
2024
Ir￿ependent examinèrfs fè&
11

Th¢ Prfest's House Museum Collectlons Trust
Note8 to the Flnan¢lal Stat•mants Icontinuèdl
for the Year End￿ 31 M#rch 2025
9 TRIJSTEES REf4qUNERATION AND EXPENSES
No trustees. nor any persons connected wf(h Ihom. hav$ receN8d any remuneralijn trom the chariiy (furing Iho yèar,
No Iru$teos have received any other benoffts from Ihè charty during the year.
10 STAFF COSTS
The aggregate payrol costs were as lolows-
2025
2024
Staff costs durlng the year were..
Wages and sa￿TreS
30.366
22.153
The Month￿ average number of persons employed by the charty during the year expressed as full time equwalents was as
foLk)w5.'
2025
No.
2024
Empby8as
No empbyee receNed emoluments of more than £60,000 dur￿￿ the year.
Wagès and saL4ries are recharged through Thè Priast's House Museum Trust {see note 171.
The lotsl émptoyee benefrts of the key management personnel ofthè eharty were £27,93812024- £22.1531.
11 TAXATION
The ch8Tr¢y 4$ a reglslered charty and is therefore exempl from taX8tK)n.
12

The Prlesl'$ House Museum Colleetlon$ TN$t
NotÈ5 to the Flnanclal Stat¢m&nts Icontlnuedl
for the Year Ended 31 2025
12 FIXED ASSET INVESTMENTS
Other Inv•stments
Llsted Inv&stment$
Total
Cost or Valuation
At Aprl 2024
Rèv8lu8lon
Add¢tions
892,692
892,692
784.851
784,851
At 31 March 2025
1.677.543
1,677.543
Nel book va￿e
At 31 March 2025
At 31 March 2024
1,677,543
892,692
1,677,543
892,692
All Investment assets were hekj in the UK
13 DEBTORS
2Q25
2024
Accruerj iicome
800,00(1
14 cRED￿ORS. Amounts falling due within one year
2025
2024
Other creditors
¢ruaLs
32,794
900
19.711
1.554
13

The Prtest's Housè Museum Colleetlons Trust
Notes to th• Flnanclal Statemènts Icontlnuedl
forth¢ Yèar End•d 31 Mareh 2025
15 FUNDS
Balance at
1 Aprll 2024
Bal4n¢• at
31 M#reh Z025
In¢om•
Expondlture
Transfers
Unrestri¢ttd tunds
G•neral
30.251
102,962
50,337
119,626
202,502
Deslgnated
Dèsvjnét￿ Fund
5.000
5,01)0
I wir6 Legacy
Total Designated
1.575.000
1.580.000
1,S75,000
1,580,000
TOTAL
UNRESTRICTED
FUNDS
1.610,251
102.962
$0.337
119.626
1,782,$02
R•strict•d
Legacy
R•stricled funds
Total restricted fund5
119.626
119,626
119,626
1119,626
TOTAL FUNDS
1.729,877
102,962
50,337
1,782,502
Balance at
1 Aprll 2023
Balance at
31 March 2Q24
Income
Expenditure
Oth•r ro¢ogr)l$èd
gains and 10ssg$
Unrestricted funds
General
Designated
DestrJnated Fund
l ￿1$ Legacy
Total Deslgnated
30,669
4,800
28,284
23.066
30.251
5.000
1.575,000
1.5È0.OIMI
5.000
1.575.000
1.580,000
TOTAL
UNRESTRICTED
FUNDS
1,610,669
4.81x1
128,284}
21066
1.610.251
Ro•trict•d funds
Restrlcttrd funds
Total re¥tri¢ted funds
120,197
120,197
15711
1571
119.626
119,626
TOTAL FUNDS
1,730,866
4,800
28.284
22,495
1,729,877
The specrfK purposes for wh￿h the fvnds are to be applied are as folh)ws-.
Restrlcled funds:
The iestricled fund reLqted lo the orioinal fixed asset investrnènts héld by tha charty. Thè Invèstment portfolio does not have any
restr￿tIOnS aNached to it and should be ufised for general Charitablg expgndrfure in accordancé with the objects of the chaTty. It
has Iherèlorè baen Iransferred lo unrestricted funds #i the year to 31 Mar¢h 2025.
D•signated funds:
The des*Jnated reserve fund of £5,000 1$ a general reserve
The dosignated ieseTve fund of £1.575,000 is regardftw the I WI11￿ Legacy
The Trustees will be considering the purpose ol the desianated funds and thè requrements of spèclfk projects during the fnancial year lo 31
March 2026.
14

The Prlesl's HOU￿ Museum Collections Tru¥1
Notes to the Flnan¢ial Statements Icontinued}
forth• Year Ended 31 March 2025
16 ANALYSIS OF NEf ASSETS BET1￿￿EN FUNDS
Unrestrfcted funds
General
D•slgnated
Re$tri¢ted
funds
Total funds at
31 March 2025
Fvxed asset Iwestments
Curr&nl assets
Current liabllEs
Total net assets
97.543
138.653
133,6941
202,502
1.580.000
1.677.543
138.653
(33,6941
1.782,502
1.580,￿0
Unrnstri¢ted funds
G•ner•l
Deslgnatod
Rèstrictèd
funds
Total fund$ at
31 March 2024
Ft%ed assel inveslments
Current assets
Current liabilitk*s
Totsl n&t assets
773.066
806,934
119.626
892,692
858,450
121,2651
1.729,877
51.518
121,2651
30,251
1,580,000
119.626
17 RELATED PARTY TRANSACTIONS
During th$ year thè charty made the following related party transactions..
The Prle$t's House Museum Twjt
(The tsi)le Corporate Trusleel
During Ihe year £37,78612024.. £27,3421 recharges of storage and salary costs wefe incurred and are due to The Pr￿$1.3 House
Museum Trust. At the baLince sheet dale Ihè amount due to Thè Pitèst's Housè Museum was £32.79412024- £19,710).
15